Asian Stocks Sink As Fed Week Begins, China Reopens Strong
Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic data this week, while Chinese shares rose sharply as they … Read More
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Chinese Stocks Surge After Week-Long Holiday
Chinese stock markets rose sharply on Monday as they resumed trade after the Lunar New Year holiday, while a commitment from the government to boost spending and support economic growth … Read More
Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data
Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues on the U.S. … Read More
Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap
Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential … Read More
Chinese Fret Over Infecting Elderly As Holidays Prompt COVID Warnings
People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their home towns for holidays that the World Health Organization warns could inflame … Read More
Asia FX Weakens as Dollar Steadies from BOJ Shock, Yen Slips
Most Asian currencies fell on Wednesday as the dollar steadied from a sharp tumble against the yen, while the Japanese currency retreated slightly from a four-month high as markets digested … Read More
Gold Hits Over 3-Month High As Powell Flags Slower Rate Hikes
Gold prices raced to a three-month high on Thursday after a forecast of smaller interest rate hikes by Federal Reserve Chair Jerome Powell sparked a rally in metal markets, while … Read More